World wheat flour trade in 2000-01 drops by 15%
October 01, 2001
by Emily Wilson
At an estimated 8.4 million tonnes (wheat equivalent), flour trade in 2000-01 was well down from the previous year’s 9.8 million, according to the International Grains Council. In its latest Grain Market Report, the Council noted the figures, which incorporate trade between CIS countries, remained provisional, but showed sharp falls in shipments by the world’s two largest exporters, the European Union and the United States.
Although deliveries by these two exporters still account for more than half of the total, there has been a significant rise in recent years in the volume of flour exports by countries that are also large wheat importers.
The IGC said there was little to suggest that world flour trade would see any marked revival in 2001-02, as importers build additional milling capacity.